Answer:
option (c) 475
Step-by-step explanation:
let the automobile installment credit be 'C'
Given:.
Automobile installment credit accounted for 36 percent of all outstanding consumer installment credit
Now,
57 billion is
of automobile installment credit
or
57 billion =
× C
or
C = 57 × 3
or
C = 171 billion
now,
installment credit accounted = 36% of all outstanding consumer installment credit
or
171 billion = 0.36 × all outstanding consumer installment credit
or
All outstanding consumer installment credit = $475 billion
Hence, the correct answer is option (c) 475
Answer:
no equation given ,pls mention it in the comments
Answer:
$4,881.56
Step-by-step explanation:
The future value formula is ...
FV = P(1 +r/n)^(nt)
where principal P is invested at annual rate r compounded n times per year for t years.
You have P=3300, n=12, r=0.028, t=14, so the future value is ...
FV = $3300(1 +0.028/12)^(12·14) = $4881.56
There would be $4881.56 in the account after 14 years.
-8.70833333333 about but you can round to the nearest tenth (-8.7) or nearest whole number (-9)